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South Asia’s transition away from fossil fuels will have significant labor market impacts, which could leave many workers stranded in lower-wage jobs in declining industries.
Between 18 to 20 million people join the working-age population in South Asia, every year, but only a third to a half of them will be employed.
South Asia is making progress, but at a slower pace than in the pre-pandemic years and still has a long way to go, according to the World Bank's latest economic outlook.
South Asia, battered by three years of upheaval from the COVID-19 pandemic and spillovers from Russia’s invasion of Ukraine, faces a combination of good and bad news for its economies. On the…
The COVID-19 pandemic pushed two of the most disadvantaged groups out of work: women and youth.
Across Bangladesh, Nepal and Pakistan, climate shocks are undoing decades of developmental growth. In each country, the poor and vulnerable are disproportionately impacted while adaptation and…
Nepal's economy is expected to grow by 3.7 percent in the current fiscal year and 4.1 percent in FY2022/23, led by a recovery of the services sector amid high COVID-19 vaccination rates.
Even though services contribute immensely to other sectors all over the world, including manufacturing, they are continually underappreciated when calculating growth and productivity.
Despite the ferocious resurgence of COVID-19 earlier this year, South Asia continues to recover, thanks to targeted lockdowns, accelerated vaccination rollout, and trade demand from outside the…
Through the South Asia Climate Roadmap, we are ramping up World Bank Group (WBG) support for mitigation and adaptation efforts in the region over the next five years.